Central European Media Enterprises Ltd

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CETV : NASDAQ : Services
$4.35 up 0.1 | 2.4%
Today's Range: 4.25 - 4.4
Avg. Daily Volume: 356600.0
07/28/17 - 11:12 AM ET

Financial Analysis


CENTRAL EUROPEAN MEDIA's gross profit margin for the second quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. CENTRAL EUROPEAN MEDIA has strong liquidity. Currently, the Quick Ratio is 1.55 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 36.17% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)181.86175.21
EBITDA ($mil)61.1753.63
EBIT ($mil)50.8243.89
Net Income ($mil)27.94-141.32


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)95.3646.44
Total Assets ($mil)1558.391421.95
Total Debt ($mil)1090.381054.6
Equity ($mil)200.74147.41


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin49.3545.65
EBITDA Margin33.6330.61
Operating Margin27.9525.05
Sales Turnover0.420.43
Return on Assets1.17-15.09
Return on Equity-0.77-149.13
Debt Q2 FY17 Q2 FY16
Current Ratio2.212.04
Debt/Capital0.840.88
Interest Expense21.9729.55
Interest Coverage2.311.49


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)144.79141.46
Div / share0.00.0
EPS0.07-0.98
Book value / share1.391.04
Institutional Own % n/a n/a
Avg Daily Volume367399.0200113.0

Valuation


HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 3.10 indicates valuation on par with the S&P 500 average of 3.08 and a discount versus the industry average of 3.86. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, CENTRAL EUROPEAN MEDIA proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CETV NM Peers 20.95   CETV 8.52 Peers 11.97

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

CETV's P/E is negative making this valuation measure meaningless.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

CETV is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CETV 21.50 Peers 27.36   CETV NA Peers 2.25

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

CETV is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CETV 3.10 Peers 3.86   CETV 95.28 Peers 94.28

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

CETV is trading at a discount to its peers.

 

Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

CETV is expected to keep pace with its peers on the basis of earnings growth.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CETV 0.96 Peers 18.41   CETV 5.44 Peers 38.61

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

CETV is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

CETV significantly trails its peers on the basis of sales growth

 

 

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